Form 4: Itron SVP & CFO Joan S. Hooper Sells 505 Shares to Cover Tax Obligations

Itron's Senior Vice President and CFO, Joan S. Hooper, sold 505 shares of common stock to cover tax obligations related to a restricted stock unit vesting.

Summary

• Joan S. Hooper, the Senior Vice President and CFO of Itron, Inc., sold 505 shares of the company's common stock on November 25, 2024.
• The sale was executed at a price of $119.7476 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of a restricted stock unit award.
• Following the transaction, Ms. Hooper directly owns 71,833 shares of Itron common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, and this transaction is consistent with typical insider trading activity.
• The sale of shares to cover tax obligations is a common practice among executives receiving stock-based compensation, and this transaction is not unusual compared to similar filings from other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Obligations, ITRI, Itron, Joan S. Hooper